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procore.com
Guide to Progress Payments on Construction Projects | Procore
Progress payments can benefit everyone on a construction project, from property owners to subcontractors. This guide to progress payments can help.
Jan 15, 2025
Construction Project Budgeting
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Most Owners aren’t bad at budgeting. They’re just not in the construction business. Yet they’re often asked to set a project budget before they really understand how design, scope, market conditions, and schedule all drive cost. They pick a number before they even fully understand what is actually going into the building. So they pick a number. Old comps. Bad square foot metrics. Or whatever else they can come up with. Then everyone spends the next year trying to force reality to fit it. That’s
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